Markets retreat post-FOMC, dollar in highs

FXstreet.com (Edinburgh) -Equities in the US markets are trading on the back footing on Wednesday after the FOMC hinted that QE tapering could occur sooner than previously anticipated. The greenback, instead, jumped to the vicinity of the 80.00 handle soon after the release of the statement, posting fresh 2-week highs. As of writing, DowJones is losing 0.41% followed by the S&P500, 0.53% and the Nasdaq, 0.66%.

Markets in Euroland closed mostly in red ahead of the FOMC meeting, with the British benchmark only posting gains, 0.04%. the IBEX35 was the worst performer, down 0.86% and seconded by the DAX, 0.13% and the CAC40, 0.09%. The shared currency is now bouncing off session lows just below 1.3700 the figure post-Fed, on its way to 1.3735/40.

In the commodities’ space, the barrel of WTI is dropping 1.40% at $96.80 and the ounce troy of gold is down 0.19% at $1,342.